Market Breadth Data******************************

Friday, May 30, 2008

The SPX getting ripe on schedule, ahead of the next Gravity date:

Thursday, May 29, 2008

No wonder 1400 proved to be such a hard nut to crack.


Wednesday, May 28, 2008

Memo to Self: two companies for further research following the Health care conference in Monte Carlo -- XOMA & ENZ.

Tuesday, May 27, 2008

As I've mentioned before, the high odds plays occur when a gravity date coincides with extreme SPX Barometer readings.


Friday, May 23, 2008

Time to look at the crystal ball again:




and it seems to suggest, that the downswing has run its course.

Thursday, May 22, 2008

Wednesday, May 21, 2008

Well, so much for the upward sloping channel...


Tuesday, May 20, 2008

Following Sunday's explanation, I hope it should be pretty clear how to use the data from the blog. I would only add, that the best turns occur when there is a confluence of factors: Gravity date, overbought/oversold barometer, and a market trading at support/resistance.





The data here should also be of use to those who follow closely correlated markets, such as the USD/JPY.

Sunday, May 18, 2008

905 SPX Points

That’s the result of mechanically applying the Gravity dates since January 2008.




But I can hear the skeptics say: “Wait a minute, you are pulling a fast one, 'a la Taylor' here. You can’t expect to always nail the top/bottom of the move.”

To which I reply: “Perfectly correct. So, let’s take a look of what happens if we apply the same mechanical system to buying the open/close.”




Then the result would be 401 points gained by buying at the open v. 461 points gained from buying at the close of the Gravity dates. Not too bad, considering that a buy and hold strategy would have lost 43 SPX points during the same period.

And that’s without even looking at the SPX barometer (the extreme swing readings marked above/below the high/low of the daily bar) or the support/resistance levels provided for in the numerous accompanying charts.

Thursday, May 15, 2008

Here's a quick Gravity CIT update, to be followed over the week-end by a more in-depth
analysis.


Wednesday, May 14, 2008

Since I mentioned the Nasdaq yesterday, now let's take a look at the Q's, in case there was any question why they retreated from where they did:




And let's not forget the SPX analogy either:


Tuesday, May 13, 2008

The Nasdaq futures, even better than the e-mini, show what's at stake this morning...




and following a narrow range day -- tomorrow as well.

Monday, May 12, 2008

Saturday, May 10, 2008

Another day, another support level hit.




Since the barometer is registering oversold levels, once again, it may be useful to remember that on the prior two occasions the SPX bottomed at 1273 and 1328 (on a closing basis).

The Dow also finds itself at an interesting juncture.


Thursday, May 08, 2008

The e-mini finding support where it is supposed to...




and is heading for the next one:


Wednesday, May 07, 2008

Tuesday, May 06, 2008


The trip to support and oversold barometer levels lasted exactly 30 minutes.




N.B. I should caution that, although very good in their own right, the Gravity dates lack the level of detail associated with the SPX CIT dates.

Monday, May 05, 2008

Two charts for perusal today: one with channels, the other with circles.



Friday, May 02, 2008

The jobs report propelled the SPX, at the open, to the next resistance level.
Which, by the way, happens to coincide with the 50% retracement of the downswing.


Thursday, May 01, 2008

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